Tires / Rubber Products

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Michelin to acquire Brazilian Sascar

Monday, 9 Jun 2014 02:45am EDT

Compagnie Generale des Etablissements Michelin SCA:Intends to acquire all outstanding shares of Sascar, Brazilian digital fleet management and freight security company, based in Sao Paulo.Sascar has 870 employees and generated FY 2013 revenue of 280 mln Brazilian reias (about 91 mln euros).Acquisition to expand Michelin service offering for truckers and to speed growth of its truck tire business in Brazil.Enterprise value of 1,600 mln reias (about 520 mln euros), includes purchase price of 1,353 mln reias (about 440 mln euros) and 247 mln reias (about 80 mln euros) in debt.Amounts to be adjusted when acquisition closes.Acquisition subject to approval from Brazilian competition authorities.

Nankang Rubber Tire Corp Ltd to sell stake in subsidiary

Wednesday, 4 Jun 2014 03:08am EDT

Nankang Rubber Tire Corp Ltd:Plans to sell 50 pct stake in a wholly owned construction subsidiary.Plans the wholly owned construction subsidiary to sell half of the land of Nankang factory.

Harrisons Malayalam Ltd recommends dividend

Monday, 2 Jun 2014 08:13am EDT

Harrisons Malayalam Ltd:Recommended a dividend of 10 pct (1 Indian Rupee per share) for FY 2014.

Reclaim Industries Ltd issues shares

Thursday, 29 May 2014 02:51am EDT

Reclaim Industries Ltd:Issues 56,000,000 fully paid ordinary shares at an issue price of A$0.006 per share.Purpose of placement is to enable company to advance loan funds as well as provide additional working capital.

Nokian Tyres plc appoints Ari Lehtoranta new President and CEO

Tuesday, 27 May 2014 02:00am EDT

Nokian Tyres plc:Says its board of directors has appointed Ari Lehtoranta as new President and Chief Executive Officer.Ari Lehtoranta will start in Nokian Tyres on Sept. 1 and as President and CEO on Oct. 1.Nokian Tyres’ current President and CEO Kim Gran will continue in his position until Sept. 30 and will then use his option to retire.Kim Gran will continue in board of directors of Nokian Tyres.

TSRC Corp receives fine from Public Works Bureau of Kaohsiung City Government

Tuesday, 27 May 2014 01:58am EDT

TSRC Corp:Received fine of T$7,185,075 from Public Works Bureau of Kaohsiung City Government, due to the illegal construction of a part of facilities in its Gaoxiong-based plant.

TVS Srichakra Ltd recommends dividend

Saturday, 24 May 2014 07:44am EDT

TVS Srichakra Ltd:Recommends dividend of 16 Indian rupees per share (160 pct).

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$125.00
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$25.00
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$65.00
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$35.00
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$25.00

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